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20121201
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on what we know today. >> steven moore before we open it up to question. glenn mentioned corporate tax reform earlier. warren buffett says that tax rates don't matter of as much as a lot of people pretend, when it comes to companies that and investments and innovation. i suspect you disagree with him. >> it seems at odds with the buffett rule, which suggests that taxes are important. >> for government to have revenue? >> business people oftentimes say that it does not matter. then you get one level of analysis beneath that and they wake up, which is that you are given a spread sheet. if you're on a board, you are given a result. in the calculation that creates that result, there's a whole lot of things like taxes and other costs. if you run sensitivities on analyses based on different formulas you get different outcomes. it's not that it's not important, but you are looking at a broader conclusions rather than getting into the actual details. >> to encourage innovation, what would you do? >> taxes are imbedded in the analysis and people just don't recognize it. second, we have a corpor
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